PPP Loan Data — Desco Industries Incorporated, Chino, CA
Desco Industries Incorporated
Location: Chino, CATweet This • Search All PPP Data
Desco Industries Incorporated is a partnership located at 3651 Walnut Ave in Chino, California that received a Coronavirus-related PPP loan from the SBA of $4,588,000.00 in May, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:WELLS FARGO BANK, NATIONAL ASSOCIATION
Desco Industries Incorporated received a Paycheck Protection Loan of $4.59M through WELLS FARGO BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Desco Industries Incorporated's total 2019 payroll expenses were approximately $22.02M in order to qualify for the PPP loan amount received.
Unlike most businesses, Desco Industries Incorporated's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Desco Industries Incorporated in Chino, CA
3651 Walnut Ave
Chino, CA 91710
All Other Miscellaneous Electrical Equipment and Component Manufacturing (NAICS code 335999)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-35
Industry PPP Comparison Statistics
Nationwide, 1,412 businesses in the "All Other Miscellaneous Electrical Equipment and Component Manufacturing" industry received a total of $338,887,280.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 18 employees, and received an average PPP loan of $240,005, 95% lower than this company's loan of $4.59M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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